Portfolio Monitoring Associate

London - UK

Monthly Salary: Not Disclosed

Posted on: 2 days ago

Vacancies: 1 Vacancy

Job Summary

Excited to grow your career

BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121000 professionals working in multidisciplinary teams with profiles as diverse as financiers legal experts data scientists developers engineers and designers.

The BBVA Group is a customer-centric global financial services group with over EUR800 billion in total assets and more than 125000 employees. BBVA Group has a leading position in the Spanish market is the largest financial institution in Mexico and boasts leading franchises in South America and Turkey. It also has an important investment transactional and capital markets banking business in US EMEA & Asia. The institution rests on solid values: customer comes first think big and one team.

BBVA Corporate & Investment Banking (BBVA CIB) encompasses investment banking market activities loans and transactional services for international corporate clients and institutional investors. BBVA CIB clients can choose from
a wide range of value-added products and financial solutions and access expert advisory services to achieve their business transformation and sustainability objectives in line with their strategic plans. This robust global franchise services clients worldwide with an extensive network of financial experts investment-banking specialists and advisers in specific industries and sectors.

This is an opportunity for a qualified candidate to join a growing team.

About the job:

The Portfolio Monitoring (PM) team is an integral part of Investment Banking & Finance within BBVA CIB. PM is responsible for working with front offi ceteams to execute loan documentation and monitor the performance of the loan portfolio. Also PM may provide agency services when BBVA acts as agent on syndicated deals.

PM is involved from the early stages of loan execution but once a loan transaction is booked PM manages any event relative to the transaction including among others covenant monitoring amendments or waivers. The PM team also
monitors the loan book for information on a borrower in order to anticipate potential risks and keeps a fluid communication with both front office and risk teams. As a first line of defense for credit quality PM is also responsible for recommending involvement of the restructuring teams if the case may be.

For loans where BBVA acts as Agent PM is integral in working with the borrower to distribute required covenant compliance documents and communicate with the club or banking syndicate. As a participant bank PM acts as the key contact point with the administrative agent and manages the loan activity post-closing.

General responsibilities for the role include but are not limited to the following:

Work closely with risk and front office teams to successfully structure and close loan transactions
Proactively manage the loan portfolio including covenant compliance reporting amendments and waivers
Monitor borrowers for key events that could impact the credit quality of the portfolio
Engage with restructuring teams as needed for loans at risk of default
Interact with Collateral Agents Account Agents Internal / External Legal Counsel Trustee Advisors
Interface with internal loan operations and funding desks in the closing and management of the loan book
Work with Loan Syndicate & Sales teams in the purchase and sale of assets as needed
Regularly report loan metrics and performance indicators

List Major/Essential Job Duties:

Interact with internal and external parties to ensure successful maintenance of the EMEA & Asia loan book
Provide Agency Services function for loan transactions where BBVA acts as lead bank or sole lender
Perform first line of defense on credit quality of the loan portfolio including covenant monitoring and early warning indicators
Monitor progress of key projects in construction and operation
Analyse complex qualitative and quantitative information e.g. financial models technical and legal due diligence/reporting and facility documentation
Prepare periodic project reviews and present them to the monthly risk committee

Level of Complexity and Risk Involved:

Moderate level of complexity especially related to monitoring of project finance.
First line of defense.

Skills knowledge and abilities/competencies:

Degree in Economics Accounting Finance or related field.
4 years of experience including roles in origination structuring loan monitoring and/or agency services.
Project finance or leverage finance background.
Understanding of the loan closing process and administrative agent roles.
Demonstrated experience in loan documentation loan structures models and management of covenants.
Excellent English written and verbal communication skills.
Ability to work in a team environment and under tight deadlines.
Strong analytical skills - modelling capabilities desirable.

Skills:

Customer Targeting Empathy Ethics Innovation Proactive Thinking

Required Experience:

Excited to grow your careerBBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121000 professionals working in multidisciplinary teams with profiles as diverse as financiers legal experts...